Stat
tracker
MORE DATA ON
New-Doctor Employment Arrangements
Hiring a new physician is likely the most important and expensive action an ophthalmology practice ever takes. To make competitive offers without going overboard, practices need hard data on starting base salaries, incentives, benefits, restrictive covenants, and co-ownership provisions for employed physicians.
Updated annually, the Physician Starting Salary Survey conducted by The Health Care Group, Inc. provides that data. The March 2002 installment of Stat Tracker listed the 2001 first-year base salary, incentive compensation and restrictive covenant results for ophthalmologists drawn from the 2001 Physician Starting Salary Survey.
In this installment are additional data extracted from the survey.
Percentage of Physician Employers Who Provide These Benefits |
|
Vacation Time 95.8% Health Insurance 92.6% Medical Society Dues 85.8% CME Time/Cost 85.9% Sick Time 68.7% Hospital Staff Fees 75.7% Subscriptions 64.2% Disability Insurance 53.5% Pension/Profit Sharing 82.1% Auto 26.1% |
|
When Pension/Profit Sharing Eligibility Begins |
|
Immediately 5.5% 1 - 6 Months 3.1% 1 Year 59.3% 2 Years 26.6% 3 Years 4.7% 5+ Years 0.8% |
|
Is a Restrictive Covenant/Liquidated Damages Provision Included in the Employment Contract? |
Yes 79.8% No 20.2% |
About this data: The information in this installment of Stat Tracker was drawn from the 2001 Physician Starting Salary Survey. The Physician Starting Salary Survey is a cooperative effort. Participating healthcare advisors, consultants and practices submit reports, and The Health Care Group, Inc. (Plymouth Meeting, Pa.) tabulates the results. All summary statistics are based on responses to the Physician Starting Salary Survey from January 1997 through June 2001. The complete 2001 Physician Starting Salary Survey also reports data for the first, second and third years of employment, as well as additional data about benefits and on-call and co-owner arrangements. For more information about the survey, call Mark E. Kropiewnicki, J.D., LL.M at (800) 473-0032.